Astro Technical Guide for Monday, 13th December , 2010 and general outlook for the week::
Astro Info:: Moon transits in Poorvabhadra ruled by Jupiter and Persons born in Aswini, Makha and Moola constellations and persons born in Pisces and Cancer Zodiac signs are advised to be alert in their dealings.
Astro Technical Position for the week :: Market, after a firm start on Monday, slipped into deep red by Thursday and managed to recover some of the lost ground by Friday to close with a loss of more than 2.5%. Real damage is done most of the mid cap stocks which have lost quite heavily. However, astrologically, another round of correction is to be expected next week , which might worsen by middle of next week. Astro indicators suggest high turbulent period ahead , particularly on Tuesday and Wednesday, when Nifty can break last week’s low. However, steep fall, if any, can be taken as an opportunity to buy quality stocks for short term. New Solar month would be commencing from 16th December and the planetary configuration does not suggest a comfortable position. Current week’s Mars and Pluto and Mars and Mercury conjunctions can play havoc globally too. With cosmic events involving Mars, Pluto severe damage also may be expected. Hence high degree of caution is advised . Forthcoming eclipses also might significantly influence global events and markets. Single most bullish factor appears to be Jupiter and Uranus conjunction occurring in First week of January. Technically, if Nifty closes below 5800 during the week , further fall can be expected with support round 5700 and 5600. However, around 5600, all short positions may be covered and risky traders can even consider long positions for short term . On the other hand, if Nifty closes above 5950, further steeper fall may be ruled out technically.
Technical Levels for the week :: Nifty futures is strong above 5900 with resistance around 5998, 6075 and weak below 5850 with supports around 5750, 5675 and 5551 for the week.Based on present market movement, Nifty fut would be in bullish zone above 5955 and in bearish zone below 5885 during the week . WD Gann’s natural numbers which would act as natural support and resistance are :: 5588, 5663, 5739, 5815, 5891, 5968, 6046, 6124, during the week.
Sensitive / Trend change Timings for the day :: 11.10am; 12.10pm; 2.25pm;
Intraday Trend for 13.12.10: Second Half Subdued … !!! )Intraday Trend for 13.12.10:: On the basis of planetary position , Market is expected to remain remain subdued from 9.30 to 11.15amd and may recover thereafter (particularly from 12.10 to 1pm and become generally subdued thereafter.
PSU, Cement stocks are expected to be subdued while Bank stocks may fare better.
Astro Technical Trading Strategy for the day :: After 1.30pm, if Nifty fut trades below Average Price by about 10 points , short positions can be taken with a stop loss of 10 points above Average Price and such positions may be closed by end of the day.
Open level is important below which only short positions may be taken and vice versa. Stop loss is a must for intraday trading.Technical Levels for the day:: Nifty Futures would be bullish above 5888 with resistance around 5905, 5925 and 5950 and weak below 5860 with supports around 5845, 5820 and 5790 for the day.
Based on present market position, Nifty fut would be in bullish zone above 5840 and in bearish zone below 5810 for Monday.Nifty generally bearish with strong resistance around 5975 and strong support around 5725.
IF resistance levels are achieved in the forenoon session, buying may be avoided at higher levels and risky traders can consider short positon for a pull back to Bullish trigger level. IF Support levels are achieved in the forenoon session, selling may be avoided at lower levels and risky traders can consider buying for a pull back upto Bearish trigger level / other support levels.
Note ::Intraday trend given above is relative and based purely on the basis of planetary positions and aspects and needs to be understood and applied depending on the market movement. Technical portion and astrological portion given above should be considered together and applied for taking proper trading decisions.
Disclaimer :: Intraday trading is risky and Astro guidance is to be used as an additional tool in addition to technicals and adapted depending on intraday movements. Creator only knows what is going to happen and astrologer can only indicate what is likely to happen . Whether Stock market is suitable or not is determined based on Individual natal chart and that would be helpful to determine one’s favourable / unfavourable period .Trade only with stop loss..
Happy Investing and Trading..
Dr B Amaranatha Sastry
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